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NMB Bank Limited was founded in 1993 by Zimbabweans. At that time it was under the name National Merchant Bank of Zimbabwe. In June 1993, the bank was registered as an accepting house under the Banking Act. In 1997, the NMBZ Group was listed on the Zimbabwe Stock Exchange and simultaneously on the London Stock Exchange. In December 1999, NMB ...
AFC Commercial Bank Ltd, state-owned; African Banking Corporation Zimbabwe Ltd (BancABC), part of Atlas Mara Group; CBZ Bank Ltd; Ecobank Zimbabwe Ltd, part of Ecobank Group; FBC Bank Ltd, part of the FBC Group; First Capital Bank Zimbabwe Ltd, part of First Capital Bank Group; Metbank Ltd; Nedbank Zimbabwe Ltd, part of Nedbank Group; NMB Bank Ltd
The bank was founded in 1956 by Rhodesia Selection Trust (RST) [5] as the Merchant Bank of Central Africa. Following the issuance of a commercial banking license by the Reserve Bank of Zimbabwe , the national banking regulator, the bank rebranded to MBCA Bank Limited in 2004.
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Then, it was the second-largest commercial bank in Tanzania, by assets, behind CRDB Bank Plc. At that time, NMB Bank was ranked as the 3rd most profitable bank in the East African Community, having risen from 10th position in 2018. In 2023 its cost to income ratio was 38 percent. [3]
The headquarters of the financial services conglomerate are located on the 3rd Floor of Union House, at 60 Kwame Nkrumah Avenue, in downtown Harare, the capital and largest city in Zimbabwe. [5] The geographical coordinates of the bank's headquarters are: 17°49'40.0"S, 31°02'55.0"E (Latitude:-17.827778; Longitude:31.048611). [6]
NMB Bank Nepal is a commercial bank in Nepal with headquarters in Kathmandu. The bank is licensed by central bank of Nepal, the Nepal Rastra Bank, and has 202 branches across the nation providing retail and commercial banking services. The bank's shares are publicly traded on the Nepal Stock Exchange. [4]
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